U.S. oil prices were up by about 1.8% at about 11:20 a.m. ET, with the July West Texas Intermediate contract up by $1 to $64.37/bbl. The August WTI contract was 87cts higher at $63.32/bbl.

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Oil edged lower in the early Asian session amid lingering supply concerns.

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CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that it has entered ...

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At 436.1 million bbl, US crude oil inventories are about 7% below the 5-year average for this time of year, the EIA report indicated.